The chairman of the United States Commodity Futures Trading Commission (CFTC), Christopher Giancarlo, recently discussed the challenges associated with assessing the regulatory implications of bitcoin and cryptocurrency according to the CFTC’s “decades[-]old” legislative mandate. Also Read: Openbazaar Co-Founder Expresses Frustration Over BTC Fees CFTC Chairman Criticizes 1930’s Legislative Apparatus In a recent interview with CNBC, Mr. […]
The CFTC’s chairman said the U.S. is working with foreign regulators to tackle cryptocurrency fraud.
The head of the CFTC told lawmakers Thursday that any federal approach to crypto regulation should be “carefully tailored” to the risks involved.
“It’s important to remember that if there were no bitcoin, there would be no distributed ledger technology,” Giancarlo told a U.S. Senate committee.